Economics at your fingertips  

The Rebuilding of the Cyprus Economy

Savvakis Savvides

Journal of Finance and Investment Analysis, 2013, vol. 2, issue 2, 7

Abstract: Following the extra ordinary decision to bail in the unsecured depositors and restructure the two main banks and the near complete destruction of the country’s economic business model as an International Financial Centre, the author considers the changes necessary to rebuild the economy of Cyprus on solid and sustainable foundations. The effort should revolve around the need to build a capability to source funds and appraise capital investment projects, reform the banking sector so that banks will begin to perform their primary function as prudent lenders, remove economic distortions and other controls and constraints in the free market economy and last but not least, take such measures as to gradually instil a learning culture in the working population. It is recommended that Cyprus should establish a National Development Finance Agency to undertake the lead in appraisal and financing of key developmental projects and Public-Private Partnerships.

Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Finance and Investment Analysis from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().

Page updated 2020-01-15
Handle: RePEc:spt:fininv:v:2:y:2013:i:2:f:2_2_7